Marketplace for Security Vulnerabilities, Exploits

<strong>Switzerland &mdash; Oct. 12</strong><br />In just two months, the IT security vulnerabilities marketplace launched by WabiSabiLabi (WSLabi) that encourages security researchers to sell their findings in an open marketplace to legitimate organizations exceeded expectations, with more than 150 vulnerabilities submitted. <br /><br />IT security experts have jumped at the opportunity to sell their research in a safe environment to an eager and ready audience of vetted buyers prepared to pay a fair price to get their hands on the latest IT security vulnerabilities.<br /><br />The site has had 160,000 unique visitors to the marketplace. Visitors to the marketplace include enterprises, government departments and software vendors who are big players in the IT security sector that are keen to see what vulnerabilities are coming onto the marketplace to stay ahead of the game.<br /><br />”We are very pleased with the astounding success of the marketplace,” said Herman Zampariolo, WSLabi CEO. “The number of researchers registering and submitting vulnerabilities as well as security companies and corporations registering to enable them to bid has radically exceeded our expectations. <br /><br />”However, it is not just the quantity that shows the success of the marketplace but also the quality with many critical vulnerabilities in enterprise software being submitted. We have been welcomed by the IT community and received great feedback from many influential companies who want to be ahead of the game when it comes to protection from security flaws this has enabled us to establish good business relations with software vendors and their customers.&rdquo;